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I was opted in to search for more information about the peso-dollar exchange rate today, August 10, 2012 to see if there is any fluctuation in the value of peso compared to dollar currency. This is to see if the bagyong Habagat which devastated a large part of Luzon including Metro Manila if it gave any reason for the value of peso to devaluate. I’ll be receiving money from the United States so I want to see if my cash will turn out to have a bigger exchange rate today. My first destination when it comes to currency converter? Central Bank of the Philippines website.

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The BSP exchange rate, perhaps the most popular destination for business and people looking for the base figure for Philippines banks and bankers as well as money converters and stocks exchange geeks. This is where local banks learn their daily fluctuation for the conversion of peso to other currencies in the world. To understand more about Bangko Sentral ng Pilipinas, I am writing a few facts and figures based from the online resource of the very official website of the BSP.

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. It was established on 3 July 1993 pursuant to the provisions of the 1987 Philippine Constitution and the New Central Bank Act of 1993. The BSP took over from the Central Bank of Philippines, which was established on 3 January 1949, as the country’s central monetary authority. The BSP enjoys fiscal and administrative autonomy from the National Government in the pursuit of its mandated responsibilities.

18 BSP Branches:

Batac (Ilocos Norte)

Tuguegarao City (Cagayan)

Dagupan City (Pangasinan)

Cabanatuan City (Nueva Ecija)

Angeles City (Pampanga)

Lucena City (Quezon)

Naga City (Camarines Sur)

Legazpi City (Albay)

Dumaguete City (Negros Oriental)

Bacolod City (Negros Occidental)

Iloilo City (Iloilo)

Kalibo (Aklan)

Tacloban City (Leyte)

Cagayan de Oro City (Misamis Oriental)

Ozamiz City (Misamis Occidental)

Cotabato City

General Santos City (South Cotabato)

Zamboanga City (Zamboanga del Sur)

The branches listed above all perform cash operations, cash administration and in certain areas, gold buying operations but be sure to pay any of them a call before any transactions. You can call their hotline numbers below: